Bitcoin Virtual Gold price today is $ with a hour trading volume of $BVG price is up % in the last 24 hours. It has a circulating supply of 0 BVG coins and a max supply of?. Bitsten is the current most active market trading it. In order to explore addresses and transactions, you may use block explorers such as cryptocoin365.de Nov 11, · Even assuming the “flippening” doesn’t take place until the hard cap of 21 million coins in theoretical circulation is reached, a price of around $, results. Should bitcoin cash (BCH) flip the market cap of gold given current data, the resultant price is a shimmering $, per coin. Dec 01, · Bitcoin is gold and hence, it will soon disrupt gold, Tyler told CNBC in a recent interview. For this to happen, Bitcoin needs to have a market cap of $9 trillion and its price should hit.
Bitcoin gold value market capAt What Price Will Bitcoin's Market Cap Equal Gold & Reserve Currencies?
With that, Cameron said Bitcoin is better than gold because the former can be transported easily and no external factors such as gold miners suddenly mining more or new gold deposits discovered can influence its price. The Winklevoss twins own Gemini, one of the most regulated cryptocurrency exchanges. The twins are in favor of further regulation in the cryptocurrency industry, in contrast to the libertarian ideals of early Bitcoin advocates.
At the Fintech Festival, Tyler asserted that the cryptocurrency industry can only grow in collaboration with banks. Still, the twins warned that overregulation is not good for the industry because it can stifle innovation. Finally, when asked to provide advice, the twins advocated for people to educate themselves about Bitcoin and cryptocurrency. The twins plan to expand Gemini Exchange to emerging markets.
Its value is primarily speculative in its current state, making is susceptible to violent price swings as price discovery takes place. The network effect of Bitcoin as a technology slowly being adopted keeps its price growing exponentially over a logarithmic growth curve. This makes charting Bitcoin in log scale the preferred choice for crypto analysts performing technical analysis. Glancing at a Bitcoin price chart on a linear scale looks like a classic bubble up until recently.
But the switch to log scale instead shows a clearly tightening curved channel. The volatility between the top and bottom bands reduces over time as the technology is increasingly adopted. One top pseudonymous crypto analyst who is an advocate of charting Bitcoin in log scale and proponent of lengthening market cycle theories in the first-ever cryptocurrency has used this tightening channel to forecast when.
Bitcoin might match the market cap of gold. Digital gold beats regular gold in just about every way and recently has been proving its value during the pandemic. The no contact necessary asset can be stored without taking up any space, free of the reach of thieves or the government, and it could in theory hold value better than both fiat and gold in the long term.
Its lack of a physical state would have saved the Dutch a fortune and a ton of time. Recently, the Dutch Central Bank moved 14, gold bars and boxes and boxes of gold coins.
It took 22 hours and armed forces to move it securely only 20km. Planning it and coordinating such action also would have taken a significant amount of time and effort. Had it been Bitcoin instead, it would have moved at a fraction of the cost, a fraction of the time, required only the security the blockchain network provides, and when it arrived, it would need to space to store it.
The transaction is also completely verifiable for authenticity without the need for a detailed inspection. Bitcoin does this for you, whereas you can be certain the gold was inspected closely for any evidence of tampering or counterfeits, even despite the armed convoy.
I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views.
I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally — to future generations.
My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution.
While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me.
Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say.